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INSMED Inc（INSM）与LiveRamp Holdings, Inc.（RAMP）财务数据对比。点击上方公司名可切换其他公司
INSMED Inc的季度营收约是LiveRamp Holdings, Inc.的1.2倍（$263.8M vs $212.2M），LiveRamp Holdings, Inc.净利率更高（18.8% vs -124.5%，领先143.3%），INSMED Inc同比增速更快（152.6% vs 8.6%），过去两年INSMED Inc的营收复合增速更高（86.9% vs 11.1%）
Insmed Inc.是一家全球性生物制药公司，专注于为存在高度未满足医疗需求的严重罕见病患者开发、商业化创新疗法，核心布局肺部、内分泌类罕见病治疗赛道，服务覆盖北美、欧洲及亚太地区的患者群体。
LiveRamp Holdings, Inc.是一家美国SaaS企业，核心业务为提供数据连接平台，服务涵盖数据导入、线下数据线上迁移等能力，助力企业开展营销相关的数据应用，为品牌及营销从业者的数字化运营提供技术支撑。
INSM vs RAMP — 直观对比
营收规模更大
INSM
是对方的1.2倍
$212.2M
营收增速更快
INSM
高出144.0%
8.6%
净利率更高
RAMP
高出143.3%
-124.5%
两年增速更快
INSM
近两年复合增速
11.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $263.8M | $212.2M |
| 净利润 | $-328.5M | $39.9M |
| 毛利率 | 83.2% | 71.9% |
| 营业利润率 | -121.2% | 18.6% |
| 净利率 | -124.5% | 18.8% |
| 营收同比 | 152.6% | 8.6% |
| 净利润同比 | -39.5% | 255.7% |
| 每股收益（稀释后） | $-1.55 | $0.62 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收INSMRAMP
| Q4 25 | $263.8M | $212.2M | ||
| Q3 25 | $142.3M | $199.8M | ||
| Q2 25 | $107.4M | $194.8M | ||
| Q1 25 | $92.8M | $188.7M | ||
| Q4 24 | $104.4M | $195.4M | ||
| Q3 24 | $93.4M | $185.5M | ||
| Q2 24 | $90.3M | $176.0M | ||
| Q1 24 | $75.5M | $171.9M |
净利润INSMRAMP
| Q4 25 | $-328.5M | $39.9M | ||
| Q3 25 | $-370.0M | $27.4M | ||
| Q2 25 | $-321.7M | $7.7M | ||
| Q1 25 | $-256.6M | $-6.3M | ||
| Q4 24 | $-235.5M | $11.2M | ||
| Q3 24 | $-220.5M | $1.7M | ||
| Q2 24 | $-300.6M | $-7.5M | ||
| Q1 24 | $-157.1M | $-5.4M |
毛利率INSMRAMP
| Q4 25 | 83.2% | 71.9% | ||
| Q3 25 | 79.4% | 70.2% | ||
| Q2 25 | 73.9% | 70.1% | ||
| Q1 25 | 77.1% | 69.3% | ||
| Q4 24 | 75.0% | 71.9% | ||
| Q3 24 | 77.3% | 72.4% | ||
| Q2 24 | 76.8% | 70.6% | ||
| Q1 24 | 76.9% | 72.2% |
营业利润率INSMRAMP
| Q4 25 | -121.2% | 18.6% | ||
| Q3 25 | -257.1% | 10.7% | ||
| Q2 25 | -291.3% | 3.7% | ||
| Q1 25 | -267.3% | -6.1% | ||
| Q4 24 | -220.6% | 7.5% | ||
| Q3 24 | -228.4% | 4.0% | ||
| Q2 24 | -319.8% | -3.0% | ||
| Q1 24 | -192.7% | -8.3% |
净利率INSMRAMP
| Q4 25 | -124.5% | 18.8% | ||
| Q3 25 | -260.0% | 13.7% | ||
| Q2 25 | -299.5% | 4.0% | ||
| Q1 25 | -276.4% | -3.3% | ||
| Q4 24 | -225.5% | 5.7% | ||
| Q3 24 | -236.0% | 0.9% | ||
| Q2 24 | -332.8% | -4.3% | ||
| Q1 24 | -208.1% | -3.1% |
每股收益（稀释后）INSMRAMP
| Q4 25 | $-1.55 | $0.62 | ||
| Q3 25 | $-1.75 | $0.42 | ||
| Q2 25 | $-1.70 | $0.12 | ||
| Q1 25 | $-1.42 | $-0.10 | ||
| Q4 24 | $-1.30 | $0.17 | ||
| Q3 24 | $-1.27 | $0.03 | ||
| Q2 24 | $-1.94 | $-0.11 | ||
| Q1 24 | $-1.06 | $-0.09 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.4B | $403.4M |
| 总债务越低越好 | $546.8M | — |
| 股东权益账面价值 | $739.0M | $962.3M |
| 总资产 | $2.3B | $1.3B |
| 负债/权益比越低杠杆越低 | 0.74× | — |
8季度趋势，按日历期对齐
现金及短期投资INSMRAMP
| Q4 25 | $1.4B | $403.4M | ||
| Q3 25 | $1.7B | $376.9M | ||
| Q2 25 | $1.9B | $371.1M | ||
| Q1 25 | $1.2B | $420.8M | ||
| Q4 24 | $1.4B | $384.3M | ||
| Q3 24 | $1.5B | $348.4M | ||
| Q2 24 | $1.2B | $342.7M | ||
| Q1 24 | $595.7M | $368.9M |
总债务INSMRAMP
| Q4 25 | $546.8M | — | ||
| Q3 25 | $546.8M | — | ||
| Q2 25 | $546.8M | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $971.8M | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益INSMRAMP
| Q4 25 | $739.0M | $962.3M | ||
| Q3 25 | $945.6M | $943.8M | ||
| Q2 25 | $1.2B | $947.8M | ||
| Q1 25 | $99.2M | $948.9M | ||
| Q4 24 | $285.4M | $957.7M | ||
| Q3 24 | $483.4M | $932.1M | ||
| Q2 24 | $38.8M | $951.9M | ||
| Q1 24 | $-464.8M | $949.1M |
总资产INSMRAMP
| Q4 25 | $2.3B | $1.3B | ||
| Q3 25 | $2.4B | $1.2B | ||
| Q2 25 | $2.5B | $1.2B | ||
| Q1 25 | $1.8B | $1.3B | ||
| Q4 24 | $2.0B | $1.3B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $1.8B | $1.2B | ||
| Q1 24 | $1.2B | $1.2B |
负债/权益比INSMRAMP
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.58× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 11.31× | — | ||
| Q4 24 | 3.93× | — | ||
| Q3 24 | 2.01× | — | ||
| Q2 24 | 30.66× | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-247.6M | — |
| 自由现金流经营现金流 - 资本支出 | $-264.2M | — |
| 自由现金流率自由现金流/营收 | -100.1% | — |
| 资本支出强度资本支出/营收 | 6.3% | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-967.6M | — |
8季度趋势，按日历期对齐
经营现金流INSMRAMP
| Q4 25 | $-247.6M | — | ||
| Q3 25 | $-219.8M | $57.4M | ||
| Q2 25 | $-205.6M | $-15.8M | ||
| Q1 25 | $-262.1M | — | ||
| Q4 24 | $-196.0M | $45.1M | ||
| Q3 24 | $-180.9M | $55.6M | ||
| Q2 24 | $-123.0M | $-9.3M | ||
| Q1 24 | $-184.0M | — |
自由现金流INSMRAMP
| Q4 25 | $-264.2M | — | ||
| Q3 25 | $-222.2M | $56.8M | ||
| Q2 25 | $-209.1M | $-16.2M | ||
| Q1 25 | $-272.2M | — | ||
| Q4 24 | $-202.8M | $44.8M | ||
| Q3 24 | $-184.6M | $55.4M | ||
| Q2 24 | $-129.7M | $-9.6M | ||
| Q1 24 | $-188.7M | — |
自由现金流率INSMRAMP
| Q4 25 | -100.1% | — | ||
| Q3 25 | -156.1% | 28.4% | ||
| Q2 25 | -194.6% | -8.3% | ||
| Q1 25 | -293.2% | — | ||
| Q4 24 | -194.1% | 22.9% | ||
| Q3 24 | -197.6% | 29.8% | ||
| Q2 24 | -143.6% | -5.4% | ||
| Q1 24 | -250.0% | — |
资本支出强度INSMRAMP
| Q4 25 | 6.3% | 0.1% | ||
| Q3 25 | 1.7% | 0.3% | ||
| Q2 25 | 3.2% | 0.2% | ||
| Q1 25 | 10.8% | 0.2% | ||
| Q4 24 | 6.5% | 0.1% | ||
| Q3 24 | 3.9% | 0.1% | ||
| Q2 24 | 7.5% | 0.1% | ||
| Q1 24 | 6.2% | 1.0% |
现金转化率INSMRAMP
| Q4 25 | — | — | ||
| Q3 25 | — | 2.09× | ||
| Q2 25 | — | -2.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 32.10× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
